Which of the following accounts could have a non-zero balance on a post-closing trial balance?
A)Salaries and Wages Expense
B)Premium on Bonds Payable
C)Income Tax Expense
D)Interest Expense

Question

Quizplus · Accepted Answer

Salaries and Wages Expense,Income Tax Expense,and Interest Expense are temporary accounts that are closed to zero at year-end.Premium on Bonds Payable is a balance sheet account;balance sheet accounts are not closed at year-end.

Which of the Following Accounts Could Have a Non-Zero Balance